Offshore Wind Power Could Produce More Electricity Than World Uses, says International Energy Agency
By Eoin Higgins
A new report from the International Energy Agency released Friday claims that wind power could be a $1 trillion business by 2040 and that the power provided by the green technology has the potential to outstrip global energy needs.
Talk about a breath of fresh air https://t.co/r2a0bvMXBc— Steven E. de Souza (@Steven E. de Souza)1571985817.0
The IEA report looks at the business of wind power and opines that as investment increases and the technology becomes cheaper, the sector could explode.
The IEA finds that global offshore wind capacity may increase 15-fold and attract around $1 trillion of cumulative investment by 2040. This is driven by falling costs, supportive government policies and some remarkable technological progress, such as larger turbines and floating foundations. That's just the start—the IEA report finds that offshore wind technology has the potential to grow far more strongly with stepped-up support from policy makers.
"Offshore wind currently provides just 0.3% of global power generation, but its potential is vast," said IEA executive director Fatih Birol.
It would take a major infrastructural commitment to develop wind power to the point that the renewable energy resource could take over the majority of global energy needs, but it's not impossible. As The Guardian pointed out Friday, "if windfarms were built across all useable sites which are no further than 60km (37 miles) off the coast, and where coastal waters are no deeper than 60 metres, they could generate 36,000 terawatt hours of renewable electricity a year."
"This would easily meeting the current global demand for electricity of 23,000 terawatt hours," added The Guardian.
Such a change in worldwide energy demand would require a massive investment of "public pressure, business leadership, and political leadership," green group Friends of the Earth said on Twitter.
350 Action founder Bill McKibben saw no need to wait.
"Wind turbines in the shallow parts of the planet's oceans can provide more electricity than the planet uses," McKibben tweeted. "So let's get going!"
Wind turbines in the shallow parts of the planet's oceans can provide more electricity than the planet uses. So let… https://t.co/3SmKcCGKPs— Bill McKibben (@Bill McKibben)1571995181.0
Reposted with permission from our media partner Common Dreams.
- World's Largest Offshore Wind Developer to Invest $30 Billion in ... ›
- World's Largest Offshore Wind Farm Could Send Power to Five ... ›
- U.S. Offshore Wind Auction Breaks Record With $405 Million in New ... ›
The secretive blueprints for two of the leading vaccine candidates for the coronavirus were released Thursday. Pfizer and Moderna became the first two companies among the nine leading vaccine candidates to share their study designs, hoping that the disclosures will create trust and clarity for the public, as The New York Times reported.
- Tapes Show Trump Knew Coronavirus Was Deadly While ... ›
- U.S. Sits out as World Leaders Pledge $8 Billion to Find a COVID-19 ... ›
- White House Ordered Coronavirus Meetings Be Classified - EcoWatch ›
- COVID-19 Vaccine Trial Put on Hold Over Safety Concerns ... ›
- Drugs Touted by Trump for COVID-19 Increase Heart Risks, Studies ... ›
EcoWatch Daily Newsletter
New Zealand could be the first country in the world to require its major financial institutions to report on the risks posed by the climate crisis.
Eco-friendly outdoor brand Patagonia has a colorful and timely message stitched into the tags of its latest line of shorts. "VOTE THE A**HOLES," it reads.
- 'Go Out and Vote' Patagonia Endorses Candidates for First Time in ... ›
- Tesla, Patagonia Join Growing Resistance Against Trump - EcoWatch ›
This year, the UK National James Dyson Award went to a team of student designers who want to reduce the environmental impact of car tires.
- Humans Eat More Than 100 Plastic Fibers With Each Meal - EcoWatch ›
- Microplastics Are Raining Down on Cities - EcoWatch ›
- Microplastics Are Wafting in on the Sea Breeze - EcoWatch ›
By Brett Wilkins
The U.S. Department of Agriculture (USDA) and the meatpacking industry worked together to downplay and disregard risks to worker health during the Covid-19 pandemic, as shown in documents published Monday by Public Citizen and American Oversight.